WeWork India FY26 Revenue at ₹2,477.4 Cr (+23.4% YoY), PAT ₹179 Cr
WeWork India reported FY26 revenue of ₹2,477.4 Cr, up 23.4% YoY, and PAT of ₹179 Cr, up 133.7% YoY. Q4 FY26 revenue was ₹709.9 Cr (+28.6% YoY), with PAT at ₹79.6 Cr (+141.9% YoY). The company achieved net debt negative for the first time at –₹11.7 Cr and saw its credit rating upgraded to A+. Occupancy reached a record 86.9%.
The financial results demonstrate significant growth and improved financial health, including achieving net debt negative status and a credit rating upgrade, which are material positive developments for the company's stakeholders.
The company reported strong year-over-year growth in revenue and profit, achieved a net debt negative position for the first time, and received a credit rating upgrade. Operational metrics also showed significant improvement.
WeWork India Management Limited has reported its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The company closed FY26 with a record operational footprint of 8.6 million sq ft across 76 centres in 8 cities, and a total committed footprint of 11.6 million sq ft, marking a 39% year-over-year increase. Portfolio occupancy reached an all-time high of 86.9%, with mature centres at 88.9%.
For the fourth quarter of FY26, revenue surged to ₹709.9 Cr, a 28.6% year-over-year increase and a 10.9% quarter-over-quarter growth. EBITDA grew by 42.8% year-over-year to ₹164.7 Cr, achieving a 23.2% margin. Profit After Tax (PAT) saw a substantial increase of 141.9% year-over-year, reaching ₹79.6 Cr with an 11.2% margin.
For the full financial year FY26, revenue rose by 23.4% year-over-year to ₹2,477.4 Cr. EBITDA stood at ₹499.2 Cr with a 20.2% margin, while PAT more than doubled, increasing by 133.7% year-over-year to ₹179 Cr at a 7.2% margin. Return on Capital Employed (ROCE) for FY26 was 28.3%, with a Q4 exit print of 45.1%. Free cash flow from operations reached ₹585.5 Cr for FY26, a 44.3% year-over-year increase. Notably, WeWork India achieved a net debt negative position for the first time, with a balance of –₹11.7 Cr, compared to a net debt of ₹215.3 Cr a year ago. The cost of borrowing decreased by 225 basis points year-over-year to 8.5%, and the credit rating was upgraded from A− to A+.
Karan Virwani, Managing Director & CEO of WeWork India, stated that FY26 was a defining year, highlighting the company's listing on stock exchanges, more than doubling PAT, achieving net debt negative status, and expanding its footprint. He emphasized the strength of the compounding flywheel and the company's evolution into a full-stack platform enabling enterprises to scale. The company also launched Rivet, a standalone design & build platform for enterprises, landlords, and developers. Alongside the results, a research study titled “AI & the Future of Flexible Workspaces” was released.
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